Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Wolf Haldenstein Investigates i2 Technologies, Inc. Proposed Acquisition

Posted : Thu, 05 Nov 2009 23:26:41 GMT
Author : Wolf Haldenstein Adler Freeman & Herz LLP
Category : Press Release
News Alerts by Email ( click here )
News | Home
NEW YORK - (Business Wire) Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of i2 Technologies, Inc. (“i2” or the “Company”) [NYSE:ITWO] arising out of the proposed acquisition of i2 by JDA Software Group, Inc. (“JDA”).

On Thursday, November 5, 2009, i2 announced that it had agreed to be acquired by JDA in a deal that may be structured in one of two ways. Under the intended structure, JDA would raise $275 million in unsecured financing that would put i2’s purchase price at about $18 a share, with current i2 shareholders getting about $12.70 in cash and about a quarter-share of JDA stock for each i2 share. If JDA cannot raise the funds, an alternative structure would give i2 shareholders less cash and more shares of JDA. The deal’s financial structure includes the purchases of the shares for $434 million, along with an agreement to retire about $121 million in debt. JDA would then get back about $160 million in i2’s cash on hand when the deal closes, putting the value of the deal at $396 million. However, the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this transaction, JDA may be underpaying for i2, thus unlawfully harming i2 shareholders.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

If you own i2 Technologies common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Gustavo Bruckner or Derek Behnke
Wolf Haldenstein Adler Freeman
& Herz LLP
270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735

(212) 545-4600

 

Email: bruckner@whafh.com

Classmember@whafh.com

 

Website: http://www.whafh.com

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Wolf Haldenstein Adler Freeman & Herz LLP
Gustavo Bruckner or Derek Behnke
800-575-0735 or 212-545-4600
bruckner@whafh.com
Classmember@whafh.com


Copyright © 2008 Business Wire. All rights reserved.
Share/Save/Bookmark

Article : Wolf Haldenstein Investigates i2 Technologies, Inc. Proposed Acquisition
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

gategroup Signs Multiple Contracts With Delta Air Lines
ZURICH, Nov. 25 /PRNewswire/ -- gategroup announced the completion of major contract renewals with Delta Air Lines and its Northwest Airlines subsidiary as part of the carriers' continuing progress to integrate supply contracts. The multi-year deal, encompassing more tha...

BLADE Network Technologies and Emulex Deliver Essential Networking Components for IBM BladeCenter Virtual Fabric
PARIS - Emulex Corporation (NYSE:ELX) and BLADE Network Technologies, Inc. (

Scholarships Awarded to Winners of Fourth Annual DemandTec Retail Challenge
SAN CARLOS, Calif., Nov. 25 -- DemandTec, Inc. (Nasdaq: DMAN), a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, today announced the winners of the fourth annual DemandTec Retail Challenge. Each student w...

Empruntis.com Increases Online Loan Application Completions with Omniture Test&Target
SAN JOSE, Calif. - Omniture, an

i speak earth Unites Citizens Worldwide for Climate Change Action
COPENHAGEN, Nov. 25 /PRNewswire/ -- The Copenhagen Climate Council (CCC) today announced a momentous eleventh-hour effort to mobilize the strongest possible public mandate for an ambitious and binding agreement at the United Nations Climate Change Conference, or COP15, in Copenh...

U.S. Census Bureau Daily Feature for Nov. 25
WASHINGTON, Nov. 25 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau: (Logo: http://www.newscom.com/cgi-bin/prnh/20090226/CENSUSLOGO)

Research and Markets: Commercial Arbitration in the Arab Middle East: Comprehensive Treatment of the Law in this Field
DUBLIN - Research and Markets (

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.